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Forex Systems and Strategies

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Forex Systems and Strategies

What most people see as a trading system is really just a trading strategy. That is, a set of rules and parameters covering such things as:

  • stop loss
  • early exit triggers
  • stop trailing rules
  • Drawdrown of investment , percentage of account to risk per trade
    etc…
forex system, forex strategy, best forex broker, money management, make money
forex system, forex strategy, best forex broker, money management, make money

In other words, finding trading setup and applying to the trades.

A System encapsulates this strategy – and potentially others – within the context of a Trading Plan or Trading Setup. Every trader should have such a plan, and inside that plan the definite rules for each strategy that suits your risk profile, and financial goals.

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For example, a Trading Plan might have a high-level structure as follows:

A trading plan is one of the distinguishing features of a trading system as opposed to trading strategy

 

 

 

1) The Trader That I Am:
– Psychological Profile etc.

2) How I Trade
– Timeframe
– Attitude to News Trading
Trade Strategy 1
– Trade Entry
– Trade Management/Stop Trailing etc.
– Trade Exit
Trade Strategy 2
– Trade Entry
– Trade Management/Stop Trailing etc.
– Trade Exit
– etc…

3) Trade Management
– Stop Trailing etc.

4) Account Management

5) My Golden Trading Rules

etc…

I will be explaining Trading Plans in detail elsewhere. They are mentioned here for the purpose of showing the difference between Forex Trading Systems and Forex Trading Strategies.

Let’s just say the two terms are generally assumed to mean the same thing when most of the traders talk to one another. And generally that will be the situation on this site, except where it may seem more appropriate or likely to cause less confusion by using one or the other.

Having said that, I have tried to split strategies and systems into two sections, where forex strategies are just the bare bones approach to a trading plan.

I am trying to give you some tips and some experience before you start risking real money.

After reading all of this valuable information about finding the right trading system for you, I have a special offer for  you. Since you are in the market to find a great trading strategy that will help develop you into a profitable trader, I will give you exclusive access to my trading system which i call the ForexRobotPRO!

If you want to learn more about this limited time offer click this link:

 

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